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My J16 Style Trades

  • #61
  • Sep 16, 2010 9:53am Sep 16, 2010 9:53am
Moving stop on ej to 111.48
  • #62
  • Sep 16, 2010 10:00am Sep 16, 2010 10:00am
Looking good Smith, keep up the good work
  • #63
  • Edited 12:05pm Sep 16, 2010 11:48am | Edited 12:05pm
hi Mr_Smith

Because you are posting your live trading then please do not edit any post after it was submitted... to be fair, it make very hard for us to track , review and judge it

Thanks

by the way: your moving stop on ej to 111.48? where did you entry, i thought you in and stop out at break even hours ago ; if you get new entry then please make a shout out ... because i do not see any of your post on EJ after the break even .... i just want to be sure you will not cheat

I agree you have one win and one lost . And the trade on EJ do not count right? so your win/lost now is 50/50
  • #64
  • Sep 16, 2010 2:59pm Sep 16, 2010 2:59pm
Sorry for that, but it does count, i merely edited the post to say i was going to b/e, next time I'll just make a new post.

Regards
  • #65
  • Sep 16, 2010 3:04pm Sep 16, 2010 3:04pm
Ok, i think you need to re read my posts, I didn't close at b/e, i moved stops to b/e, then once price broke the highs, I moved stops to 111.48,
I donot cheat dude, my win rate means nothing, it's how much % I make.

Please read my posts before carefully, I don't want to waste time explaining things like this, I'm quite busy.

Hope you understand. But of course, If you still think you need me to
re explain something, go ahead.

Quoting Fx000
hi Mr_Smith
by the way: your moving stop on ej to 111.48? where did you entry, i thought you in and stop out at break even hours ago ; if you get new entry then please make a shout out ... because i do not see any of your post on EJ after the break even .... i just want to be sure you will not cheat

I agree you have one win and one lost . And the trade on EJ do not count right? so your win/lost now is 50/50
  • #66
  • Sep 16, 2010 3:13pm Sep 16, 2010 3:13pm
Moving stops on EJ to 112.19
  • #67
  • Sep 16, 2010 3:48pm Sep 16, 2010 3:48pm
Current closed since starting thread, 5.5% Gain.

Hoping EJ can give us a sustained run.
  • #68
  • Sep 16, 2010 4:16pm Sep 16, 2010 4:16pm
EJ STopped out for 1.5% gain

Total so far 7 % gain
  • #69
  • Sep 16, 2010 4:29pm Sep 16, 2010 4:29pm
I'm sensing as I win more and more, I'm going to get trolls coming in here hassling me, just reminding anyone planning on trolling, I'm not going to engage, if you would like to debate and argue, make a new thread and invite me there. I don't want this thread all messed up, I will be very fast to ban from this thread.

I'm not referring to you FX000,

I'm simply making it very clear that this is my journal, I've made it for 2 r easons, to show that I can trade successfully, and to keep track of my thoughts etc during trades, and or just keep track so I can look back and learn from the mistakes I make.
  • #70
  • Sep 16, 2010 5:21pm Sep 16, 2010 5:21pm
Goals, my goal for each year is 50% gain, this is a easy goal at the moment for me, after a few years, I plan to try up that, but 50 is plenty for me at the moment.
  • #71
  • Sep 16, 2010 7:45pm Sep 16, 2010 7:45pm
Shorted EJ at 111.97 stop is at 112.21 Risk size is .1%
  • #72
  • Sep 16, 2010 8:06pm Sep 16, 2010 8:06pm
stopped out for .1% loss

reentering at 112.03 stop at 112.15 risk .1%
  • #73
  • Sep 16, 2010 8:12pm Sep 16, 2010 8:12pm
Excuse the wrong post there, wasn't actually stopped out, but the 2nd entry did get stopped out, If any of u have any doubts, these posts are timestamped, go look, or here is the chart as I'm typing.

So first scalp with stop at 112. 21 didnt' get hit, but 2nd scalp got hit for loss at 112.15
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 17 KB
  • #74
  • Sep 16, 2010 10:43pm Sep 16, 2010 10:43pm
Ok, so both scalps stopped out for loss. Total loss of .2%

Total so far 6.8% gain.

Good chance I will not enter again till Monday.
  • #75
  • Sep 18, 2010 4:53am Sep 18, 2010 4:53am
Hi Mr. Smith,

I see you're doing quite alright with your "scam" trades. How surprising. Keep up the good work.

Got a question though. I see you vary your risk per trade. One time it's .5%, next one might be .1%. Why do you vary your risk, and how do you pick how much risk to use? Apart from the fact that you never know if a trade will work out or not ("A+" or not), it may cloud your true performance. What if you lose a few trades where you risked .5%, and win a few .1% trades?

Since your .1% trades need to win 5:1 in order to make up one .5% loss (roughly), it might result in an overall loss, while you could have had a net gain if you'd used a fixed risk per trade on all of them. Such a situation might lead you to falsely conclude your performance is worse that it actually would be. Couple this to a big account, and you might do yourself emotional harm which might influence your trading. I'm not saying that it will happen, I'm just pointing out that it might.
It's not about how much you make, it's about how much you don't lose.
  • #76
  • Sep 18, 2010 5:07am Sep 18, 2010 5:07am
well that's what i want to ask him, some trade he risk 0.5 percent, other trade he risk 0.1 percent . he lost 3 times already and only lost 0.3 percent, while one trade he risk 0.5 percent and he won he gained 7 percent.....that's a false money management in my humble opinion

in a short run he could win but in a long run i doubt he could keep his consistence .....
  • #77
  • Sep 18, 2010 10:41am Sep 18, 2010 10:41am
Yet another way James16 is getting his dogs to advertise outside the commercial forum for him. How much are you getting? The net is closing around you all..
http://www.forexfactory.com/showthread.php?t=254552
  • #78
  • Sep 18, 2010 12:55pm Sep 18, 2010 12:55pm
Hi there, thanks for the questions,

Depending on quality of the setup, will dictate how much I risk, simple as that, stay tuned for more setups.

Quoting Dhb
Hi Mr. Smith,

I see you're doing quite alright with your "scam" trades. How surprising. Keep up the good work.

Got a question though. I see you vary your risk per trade. One time it's .5%, next one might be .1%. Why do you vary your risk, and how do you pick how much risk to use? Apart from the fact that you never know if a trade will work out or not ("A+" or not), it may cloud your true performance. What if you lose a few trades where you risked .5%, and win a few .1% trades?

Since your .1% trades need to win 5:1 in order to make...
  • #79
  • Sep 18, 2010 1:01pm Sep 18, 2010 1:01pm
Quoting Fx000
well that's what i want to ask him, some trade he risk 0.5 percent, other trade he risk 0.1 percent . he lost 3 times already and only lost 0.3 percent, while one trade he risk 0.5 percent and he won he gained 7 percent.....that's a false money management in my humble opinion

in a short run he could win but in a long run i doubt he could keep his consistence .....
Thanks for the question, as I stated, depending on quality of the setup, will depend on how much I risk per trade, this is how I trade, these are my rules, I dont' really care what others opinions are, the only thing I care about is that I make money, however I make it doesn't matter to me, as long as I make money in the longrun.

Have a good weekend all.
  • #80
  • Sep 18, 2010 1:05pm Sep 18, 2010 1:05pm
Quoting Mr Smith
Thanks for the question, as I stated, depending on quality of the setup, will depend on how much I risk per trade, this is how I trade, these are my rules, I dont' really care what others opinions are, the only thing I care about is that I make money, however I make it doesn't matter to me, as long as I make money in the longrun.

Have a good weekend all.
Interesting that you don't care about others opinions yet you create a thread specifically to change other's opinions.
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